Approval by Division Director

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    (a)    The board of directors of the converting association shall deliver to the Division Director:

        (1)    A certified copy of the minutes of the meeting at which the conversion was approved; and

        (2)    The executed charter amendments and a conformed copy.

    (b)    On receipt of the minutes and charter amendments under subsection (a) of this section, the Division Director shall:

        (1)    Endorse the executed copy of the charter amendments as approved; and

        (2)    Send to the converting association:

            (i)    The endorsed copy; and

            (ii)    A final order of approval of the conversion to a capital stock association.


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